About GIC Re
GIC Re is a company based in Mumbai (India) founded in 1972. It operates as a Professional Services. The company has 449 employees as of March 31, 2024. GIC Re has completed 1 acquisition, including Visma. GIC Re offers products and services including Reinsurance Services, Property Insurance, and Marine Insurance.
- Headquarter Mumbai, India
- Employees 449 as on 31 Mar, 2024
- Stage Public
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name General Insurance Corporation Of India
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Annual Revenue
$5.79 B (USD)9.2as on Mar 31, 2024
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Net Profit
$868.22 M (USD)11.16as on Mar 31, 2024
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EBITDA
$0 (USD)0as on Mar 31, 2022
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Latest Funding Round
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Investors
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Employee Count
449
as on Mar 31, 2024
- Investments & Acquisitions
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IPO & Listings of GIC Re
GIC Re is a publicly listed company on the NSE with ticker symbol GICRE in India, operating in the Finance sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of GIC Re
GIC Re offers a comprehensive portfolio of products and services, including Reinsurance Services, Property Insurance, and Marine Insurance. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Reinsurance solutions are provided to general insurance companies.
Coverage for property risks is offered to clients.
Marine and energy risks are covered through reinsurance.
Funding Insights of GIC Re
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investments & Acquisitions by GIC Re
GIC Re has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Visma. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
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OVO is recognized as a smart digital payment application.
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Financial Statements - GIC Re
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Gic Re Comparisons
Competitors of GIC Re
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Gic Re
Frequently Asked Questions about GIC Re
When was GIC Re founded?
GIC Re was founded in 1972.
Where is GIC Re located?
GIC Re is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Who is the current CEO of GIC Re?
Narayanan Ramaswamy is the current CEO of GIC Re.
How many employees does GIC Re have?
As of Mar 31, 2024, the latest employee count at GIC Re is 449.
What is the annual revenue of GIC Re?
Annual revenue of GIC Re is $5.79B as on Mar 31, 2024.
What does GIC Re do?
Reinsurance solutions are offered by GIC Re to direct general insurance companies in the Indian market. Operations are extended to domestic and international markets, with a focus on property, marine, aviation, motor, and health insurance sectors. As a leading reinsurer, support is provided across Afro-Asian regions, with permanent offices established in the UK, Malaysia, Russia, and UAE. Continuous efforts are made to explore new frontiers and enhance global presence in the reinsurance industry.
What products or services does GIC Re offer?
GIC Re offers Reinsurance Services, Property Insurance, and Marine Insurance.
Is GIC Re publicly traded?
Yes, GIC Re is publicly traded on NSE under the ticker symbol GICRE.
How many acquisitions has GIC Re made?
GIC Re has made 1 acquisition, including Visma.
What is GIC Re's ticker symbol?
The ticker symbol of GIC Re is GICRE on NSE.
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